Cloud Computing Co. Brass Ducks Pair Of NY Investor Suits

Law360, New York (February 4, 2015, 7:28 PM EST) -- A New York judge on Wednesday threw out a pair of shareholder derivative lawsuits that claim the leadership of IntraLinks Holding Inc. misled investors and kept the cloud computing company's stock price artificially high, finding problems with the presuit demand for action, or lack thereof.

New York Supreme Court Judge Jeffrey K. Oing dismissed one suit for failing to establish that any attempt to make a demand on IntraLinks' board of directors to take corrective action would have been futile or should be excused, and tossed a parallel action for an insufficient showing that a demand on the board had been...

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